KESONIA, or the Kenya Shilling Overnight Interbank Average, is a benchmark interest rate that captures the average rate at which Kenyan banks lend and borrow unsecured funds overnight in Kenyan Shillings. Administered by the Central Bank of Kenya (CBK), KESONIA serves as a risk-free reference rate due to its focus on short-term, unsecured interbank transactions, […]
The Central Bank of Kenya (CBK) has unveiled a revised Risk-Based Credit Pricing Model (RBCPM) aimed at improving lending transparency, responsible borrowing, and market efficiency in Kenya’s financial sector. The updated framework introduces KESONIA, a new benchmark lending rate, and comes into effect on September 1, 2025 for new variable-rate loans. The announcement follows an […]
The Teacher Internship Programme is a one-year initiative designed to equip and sustain competencies among aspiring teachers. It offers hands-on teaching experience, enhancing practical skills and providing a pathway to permanent employment in Kenya’s education system. Launched as part of the Competency-Based Curriculum (CBC) implementation, this programme targets junior school teachers, addressing the growing demand […]
Money Market Funds (MMFs) have solidified their position as a cornerstone of Kenya’s investment landscape, offering a compelling blend of low risk, high liquidity, and competitive returns. As of August 2025, MMFs remain a top choice for Kenyans seeking to grow their wealth while maintaining financial flexibility. With inflation stabilizing and the Central Bank of […]
Britam General Insurance has unveiled a dedicated Electric Vehicle (EV) insurance cover in Kenya, targeting owners of both fully electric and hybrid vehicles. The product is designed to support Kenya’s transition to green mobility while addressing the unique risks and challenges faced by EV owners. According to the Ministry of Transport and Infrastructure’s Draft National […]
Kenya and Germany have reaffirmed their commitment to deepening cooperation in the automotive sector, focusing on skills development, modern assembly technologies, and the promotion of green mobility solutions. The renewed partnership was highlighted during a visit by Alexander Fierley, Germany’s Deputy Ambassador to Kenya and Trade Counsellor, to the Kenya Vehicle Manufacturers (KVM) plant in […]
Safaricom PLC has unveiled B-LIVE, a groundbreaking time-based data bundle that allows customers to access the internet based on time rather than traditional MB or GB usage. The innovation, the first of its kind in Kenya’s telecom industry, aims to redefine how Kenyans experience the internet by offering affordable, flexible browsing options. With B-LIVE, customers […]
Standard Bank Group has announced strategic leadership changes within its Africa Regions business, underscoring its commitment to accelerating growth, strengthening regional operations, and driving innovation across its franchises. The appointments take effect on September 1, 2025, pending regulatory approval. Dr. Joshua Oigara has been appointed Regional Chief Executive (RCE) for East Africa while continuing to […]
Lauritz Knudsen Electrical & Automation, a global leader in electrical and industrial automation solutions, has officially launched its operations in Kenya, marking its first entry into the African market. The move positions Kenya as the company’s strategic gateway to the continent, leveraging the country’s rapid urban growth, infrastructure expansion, and emerging smart city initiatives. Headquartered […]
Nairobi Securities Exchange (NSE)-listed agribusiness firm Kakuzi Plc has reported a net profit of KSh 295.5 million for the first half of 2025, driven by steady revenue growth and diversification, despite a challenging operating environment. During the six-month period, total revenue rose to KSh 1.51 billion, up from KSh 1.17 billion recorded in the same […]
